1708 Graylock Street, Lancaster, OH 43130
1708 Graylock Street, Lancaster, OH 43130
1708 Graylock Street, Lancaster, OH 43130
21
See all 21 photos
$397,000
$400,000 0.8%
Est. payment /mo
6,534 Sqft Lot
Sold on 08/28/2026

1708 Graylock Street Lancaster, OH 43130

GET MORE INFORMATION
Denise McBroom
Denise McBroom

Agent

+1(614) 327-6648

Full Name
Phone*
Message
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

UPDATED:

Key Details

Sold Price $397,000

Property Type Multi-Family

Sub Type Townhouse

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 226025606

Year Built 1994

Annual Tax Amount $3,354

Lot Size 6,534 Sqft

Property Sub-Type Townhouse

Property Description

Whether you're looking to expand your portfolio or complete a 1031 exchange, this well-maintained four-unit property offers the combination every investor is searching for... stable occupancy today with room to increase tomorrow's returns.

Each of the four units features 900 square feet of living space with two bedrooms, one bathroom, and the convenience of an in-unit washer and dryer. Tenants enjoy separately metered electric and water service while paying all utilities, helping keep operating expenses low and predictable.

The property has been consistently well maintained, with many major mechanical updates completed within the past five years. Even more impressive, the building has remained fully occupied with a waiting list whenever a unit becomes available, demonstrating strong rental demand in the area.

Current rents are $800 per month per unit, with all leases converting to month-to-month at the end of August 2026. For investors seeking value-add potential, comparable two-bedroom units in the area are leasing between $1,000 and $1,200 per month, providing an opportunity to increase income over time.

Whether you choose to maintain the property's outstanding occupancy history or implement a strategic rent growth plan, this is a rare opportunity to acquire a professionally maintained asset with proven performance and significant upside.

Showings will be allowed within 48 hours of accepted offer.

Location

State OH

County Fairfield

Area 0.15

Rooms

Other Rooms None

Dining Room No

Interior

Heating Heat Pump

Cooling Central Air

Equipment No

Laundry No Laundry Rooms

Schools

High Schools Lancaster Csd 2305 Fai Co.

School District Lancaster Csd 2305 Fai Co.

Others

Acceptable Financing Other, FHA, Conventional

Listing Terms Other, FHA, Conventional

Listed by Jeffrey A Messmer Keller Williams Consultants

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Denise McBroom

Denise McBroom

Agent

+1(614) 327-6648

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Denise McBroom, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1708 Graylock Street

QUICK SEARCH